(News Bulletin 247) – The Parisian index closed with a variation of 0.00% this Friday, October 24 and gained 0.63% over the whole week. Accor recorded the largest increase in the CAC 40, driven by well-received results.

The CAC 40 ended the week quietly this Friday, October 24. The flagship index of the Paris Stock Exchange closed the session in balance at 8,225.63 points (or really in a tiny drop since Thursday’s closing price was 8,225.78 points). Over the week as a whole, the CAC 40 advanced 0.63%.

American inflation gave the market a little boost. This key statistic was published while the market has been in a fog for 24 days with the American “shutdown” which prevents the publication of the main key indicators of the American economy.

Excluding food and energy prices, inflation reached 3% in September while economists surveyed by the Wall Street Journal expected a rate of 3.1%.

“The September inflation report confirms that increases in customs duties will have had only a limited effect on inflation in 2025 and in any case very much lower than what had been anticipated,” underlines Bastien Drut of CPR AM.

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Accor at the top of the CAC 40

“This report is also very reassuring for the other components of underlying inflation, namely housing and non-housing services, and will therefore allow the Fed (the American Federal Reserve, Editor’s note) to focus on the deterioration of the labor market. The rate cuts in October and December seem certain” he continues.

Investors continued to monitor macroeconomic and geopolitical issues. Thursday evening, the White House indicated that Donald Trump and Chinese President Xi Jinping would meet next Thursday, which “reinforced hopes for détente between the world’s two largest economies,” notes Deutsche Bank.

Market operators had to dissect a new wave of publications. Above all, investors must digest a new burst of publications. Accor gained 7% after delivering a battery of good news, including raised targets and the announcement of the potential listing of its “lifestyle” division. Sanofi gained 0.8% while its results exceeded expectations.

Excluding CAC 40, Maisons du Monde (+7.3%), Valeo (+10.8%) and Alten (+7.3%) performed well after publishing their third quarter activity.

Outside of publications, Kering lost 3.9%, weighed down by a lowering of recommendations from HSBC to “hold” versus “buy”.

The infrastructure groups Vinci (-2%), Eiffage (-1.7%) and ADP (-1.9%) were slightly penalized by fears of an increase in the tax on long-distance infrastructure operators.

On other markets, the euro gained 0.3% against the dollar to $1.1629, driven by lower-than-expected American inflation. Oil is moving forward a little. The December contract on Brent from the North Sea gained 1%, to 66.65 dollars per barrel, while that of the same maturity on WTI listed in New York gained 0.9% to 62.34 dollars per barrel.